Tesco Current Account

Engineer87

Sorry if this has already been asked, I couldn't see it if it has.

As an existing Tesco bank customer (3% interest current account), am I affected by the change in there terms and conditions regarding meeting new criteria to get the interest or is this only for new customers?

I'v had a look around and can't see anything that says I am, but the sceptical side of me thinks it probably does!

Many thanks for any help.

YorkshireBoy

Engineer87 wrote: »

...is this only for new customers?

I'v had a look around

Not sure where you've "had a look around", but just one click away from the Tesco Bank homepage is this...

With effect from 4 April, our Current Account Guarantee has changed for new applications. To earn 3% AER credit interest on balances up to £3,000 until 1 April 2019, you must now pay in at least £750 per statement month, and pay at least three direct debits each statement month (excluding direct debits to Tesco Bank savings accounts).

jimjames

Engineer87 wrote: »

I'v had a look around and can't see anything that says I am, but the sceptical side of me thinks it probably does!

Many thanks for any help.

The other clue is that any change to T&Cs has to be notified to you. Have you received any such notification? I certainly haven't

Jo_Blogs

Engineer87 wrote: »

As an existing Tesco bank customer (3% interest current account), am I affected by the change in there terms and conditions regarding meeting new criteria to get the interest - No

or is this only for new customers? Yes

Many thanks for any help.

Hope this helps

Engineer87

Perfect, Many thanks all!